AT&T Inc. may seek to acquire Dish Network Corp., the second-largest U.S. satellite-TV company, to gain wireless spectrum after failing to purchase T-Mobile USA and its airwaves, Stifel Nicolaus & Co. said.
America Movil SAB fell the most in five months as a record $1 billion fine by Mexico’s antitrust agency increased pressure on Latin America’s biggest mobile carrier to defend its 71 percent market share in its home country.
Sprint Nextel Corp. abandoned plans to buy MetroPCS Communications Inc., two people with knowledge of the matter said, walking away from a deal that might have helped the mobile-phone carrier vie with Verizon Wireless and AT&T Inc.
Globalstar Inc., the provider of satellite-phone services that’s traded below $1 since 2011, now offers investors the chance for returns of at least 30 percent in a takeover thanks to its coveted airwaves.
America Movil SAB , Latin America’s largest wireless carrier, said second-quarter profit fell 18 percent on foreign-exchange losses. Sales rose as client growth accelerated for the second straight quarter.
Billionaire Carlos Slim’s America Movil SAB struck a deal with Mexican regulators to avoid paying a fine of almost $1 billion, in exchange for cutting wireless fees and offering calls to competitors for no extra charge.
AT&T Inc. Chairman and Chief Executive Officer Randall Stephenson is facing the toughest regulatory challenge of his career as U.S. officials put his $39 billion gamble on T-Mobile USA Inc. in jeopardy.